Aldar Properties has entered a clean energy agreement with Emirates Water and Electricity Company. Through the agreement, 100% of Aldar's owned and managed operating assets will be powered by EWEC's clean energy sources for up to five years in a move that aims to promote the adoption of clean energy and support the expansion of decarbonisation in the real estate sector. At present, scope 2 emissions, associated with the purchase of electricity from the grid, represent the largest source of greenhouse gas emissions at Aldar's real estate assets and this agreement will reduce those emissions and support decarbonisation across the company's portfolio.

The clean energy, which will be supplied to Aldar's assets from EWEC's clean energy sources, will be validated via Clean Energy Certificates registered by EWEC, a scheme that was launched by the Abu Dhabi Department of Energy to enable Abu Dhabi companies to validate claims of producing and consuming renewable or clean electricity as part of their efforts to achieve sustainability goals. EWEC is one of the key parties enabling the implementation of Abu Dhabi's Clean Energy Certificate scheme, acting as Single Registrant and auction operator to establish a primary market for this new instrument, conducting auctions every quarter that any organisation can participate in.